Multi-million dollar homes shown on Lake Tahoe tour

Guests of Chase International's 18th annual Lake Tahoe Lakefront Estates Tour meet for lunch at a property for sale Wednesday. The estate shown is located at 1860 Hwy 50 in Glenbrook. Its sale price is $27.5 million.

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The 20 properties showcased on the invite-only tour ranged from about $2 million to about $28 million. Many featured sandy beaches, stunning views, gated yards, indoor or outdoor pools, boathouses, docks and more.

“Every piece of Lake Tahoe has magic to it,” said Shari Chase, founder, president and CEO of Chase International Real Estate, “and I think it’s finding the magic that suits you.”

About 400 to 500 people participate in the annual event, which draws brokers and clients from the Bay Area and beyond. Several locals also joined the tour to find their possible dream home or see what lakefront properties are selling for on the current market.

Reno resident Loren MacArthur was one guest who said she was just browsing each property for the fun of it.

“When I was a kid, I thought having a shore-side home was the ultimate in life,” MacArthur said, before adding with a laugh. “Now I need $30 million to realize my dream.”

The cheapest estate on the luxury tour — about $2 million — was located at 735 Lakeview Avenue in South Lake Tahoe. It included a pier, boathouse and two buoys on lakefront land.

The most expensive on the list — about $28 million — featured three homes on 2.8 acres, 220 feet of waterfront property, a pier, two buoys and a beach. That estate is located at 1135 Lakeshore Blvd. in Incline Village.

Chase said she sells about one or two homes from the estates tour each year, and that every property has a story behind it.

For instance, two homes available on the tour were located at Fleur du Lac, a development built on property where portions of the film “The Godfather II” were shot in 1973.

Those estates were selling for about $3 million and $3.5 million as of Thursday.

Overall, Chase said home sales have been strong so far this year. Last year’s figures were the best she’s seen since starting Chase International 28 years ago, and she expects to exceed those numbers this year.

“There’s much more activity in the marketplace,” Chase said. “Prices are not necessarily escalating, but the activity is there to create a beautiful market.”

For more information on current housing market figures, see next week’s Tahoe Daily Tribune.